Facing a fiscal crisis due to the plunge in oil prices, Gov. Bill Walker submitted a draft of the stripped down capital budget, which is more than $113 less than what former Gov. Sean Parnell proposed. Among the projects that were cut are the Susitna-Watana Dam, the Ambler Mine Road Project, the Knik Arm Bridge Crossing, among others.
The budget is very much a work in progress. The administration said it wants the public to weigh in on the process, and will be setting up a system where they can share ideas. It’s a torturous project, and the capital budget is the easy part. Where things are going to get particularly tricky is the operating budget.
Here are screen grabs of Parnell’s and Walker’s capital budgets based on departments, which sets the situation in relief:
Parnell’s capital budget:
Walker’s capital budget: